{"id":765196,"date":"2023-06-21T14:26:21","date_gmt":"2023-06-21T18:26:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/"},"modified":"2023-06-21T14:26:21","modified_gmt":"2023-06-21T18:26:21","slug":"applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/","title":{"rendered":"Applied UV Closes $5.2 Million Underwritten Public Offering of Common Stock"},"content":{"rendered":"<div class=\"mw_release\">\n<p>MOUNT VERNON, NY, June  21, 2023  (GLOBE NEWSWIRE) &#8212; via <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=yHSrGmEFk0pvJoyJEk66y_gdA5WQRckAV_qJYbYWz6afsIQ3AEVjMrZPIgOBPFNBpf_wDdeTHH7pRcuR16RWOWHG_-A7nMVZXeqdUxkN9Tw=\" rel=\"nofollow noopener\" target=\"_blank\">NewMediaWire<\/a> \u2013 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=odLvNKJcYJcPJEaew_SCRy8--VbMI7fKYXsSK-0AaKDf4tMTIxp432Sq2O5S4XZwueem5DCD_EAhfLpzvD3FREjjleRQhVyNcL_7s8Ya-K8=\" rel=\"nofollow noopener\" target=\"_blank\">Applied UV, Inc.<\/a> (Nasdaq: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4mqJanJ0Vssfn359OHB2Vn4nuBiUH-nfJYz85QhO46nHuax3P5iLDNFCN06ZAJrSalrlh_AnsF2OqsogWQbnog==\" rel=\"nofollow noopener\" target=\"_blank\">AUVI<\/a>) (\u201cApplied UV\u201d or the\u00a0 \u201cCompany\u201d), a global leading provider of advanced food security and air and surface disinfection technology, announced the closing of its underwritten public offering of 5.0 million shares of common stock (the \u201cCommon Stock\u201d) and pre-funded warrants at a public offering price of $1.00 per share (less $0.001 in exercise price per pre-funded warrant). The Company expects to use the net proceeds of this offering for general corporate purposes, including new investments.<\/p>\n<p>In addition, the Company granted Aegis Capital Corp., the underwriter (\u201cAegis\u201d), a 45-day option to purchase up to an additional 750,000 shares of Common Stock at the public offering price per share, less the underwriting discounts and expenses, to cover over-allotments. On June 21, 2023, Aegis partially exercised its over-allotment option with respect to 200,000 shares of common stock.<\/p>\n<p>Gross proceeds for the offering were approximately $5.2 million, before deducting underwriting discounts and other offering expenses.<\/p>\n<p>\n        <b>Aegis Capital Corp. acted as the sole book-running manager for the offering.<\/b>\n      <\/p>\n<p>The offering was made pursuant to an effective registration statement on Form S-1 (No. 333-271605) previously filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) and declared effective by the SEC on June 15, 2023. A preliminary prospectus (the \u201cPreliminary Prospectus\u201d) describing the terms of the proposed offering was filed with the SEC and is available on the SEC\u2019s website located at http:\/\/www.sec.gov. Electronic copies of the Preliminary Prospectus may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at (212) 813-1010.<\/p>\n<p>This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6e9bkww8OA7Aen6yd5ZB1TIbF2R57zpYuGTOd0IV299XB489T9108BMXWm9F_LBiqltRVHCc_2eWhHeFebrPFCCxSsieRo4IOdzvgD_EI_Q=\" rel=\"nofollow noopener\" target=\"_blank\">Follow us on Twitter<\/a>\n      <\/p>\n<p>\n        <b>About Applied UV<\/b>\n      <\/p>\n<p>Applied UV, Inc. provides proprietary surface and air pathogen elimination and disinfection technology focused on Improving indoor air quality, specialty LED lighting and luxury mirrors and commercial furnishings, all of which serve clients globally in both the commercial and retail segments. For information on Applied UV, Inc., and its subsidiaries, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NZ3C99bFgevOoQYnDCFz6vwlquMavuLa3ufM4x9CjkrU5XCHZ83Z_7mhFPZPOvS9sPnYjzeQLGaKIpWk8URHZFiDkQlrBQuPs-UYH2tHLoc=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.applieduvinc.com<\/a>.<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>The information contained herein may contain \u201cforward\u2010looking statements.\u201d Forward\u2010looking statements reflect the current view about future events. When used in this press release, the words \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cfuture,\u201d \u201cintend,\u201d \u201cplan,\u201d or the negative of these terms and similar expressions, as they relate to us or our management, identify forward\u2010looking statements. Such statements include, but are not limited to, statements contained in this press release relating to the view of management of Applied UV concerning its business strategy, future operating results and liquidity and capital resources outlook. Forward\u2010looking statements are based on the Company\u2019s current expectations and assumptions regarding its business, the economy, and other future conditions. In this news release, such forward-looking statements include statements regarding the anticipated use of proceeds from the offering. Because forward\u2013looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. The Company\u2019s actual results may differ materially from those contemplated by the forward\u2010looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward\u2010looking statements. Factors or events that could cause the Company\u2019s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward\u2010looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.<\/p>\n<p>\n        <br \/>\n        <b>For additional Company Information:<\/b><br \/>\n        <br \/>\n        <b>Applied UV, Inc.<\/b><br \/>\n        <br \/>Max Munn<br \/>Applied UV Founder, CEO &amp; Director<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7sMvRovrbwIwX5yCavUDba1F0qXGoU6QInqYybB5NzX_hSRaHfW19_rm7wARaf9Zs4LkyZ_2Ve7lskjXDr7sorCcPHXzNDrYQWa0FAjcSgPFwp5SlUxO3TQzgTuc7LBS\" rel=\"nofollow noopener\" target=\"_blank\">max.munn@applieduvinc.com<\/a><\/p>\n<p>\n        <b>Investor Relations Contact<\/b><br \/>\n        <br \/>TraDigital IR<br \/>Kevin McGrath<br \/>+1-646-418-7002<br \/>kevin@tradigitalir.com<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MjMyOCM1NjU4ODExIzUwMDExNjgyMA==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NjMzMWViZTktMjI5ZS00NmRmLTg4MmMtNTUxZGZkOThhMzQ2LTUwMDExNjgyMA==\/tiny\/Applied-UV-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MOUNT VERNON, NY, June 21, 2023 (GLOBE NEWSWIRE) &#8212; via NewMediaWire \u2013 Applied UV, Inc. (Nasdaq: AUVI) (\u201cApplied UV\u201d or the\u00a0 \u201cCompany\u201d), a global leading provider of advanced food security and air and surface disinfection technology, announced the closing of its underwritten public offering of 5.0 million shares of common stock (the \u201cCommon Stock\u201d) and pre-funded warrants at a public offering price of $1.00 per share (less $0.001 in exercise price per pre-funded warrant). The Company expects to use the net proceeds of this offering for general corporate purposes, including new investments. In addition, the Company granted Aegis Capital Corp., the underwriter (\u201cAegis\u201d), a 45-day option to purchase up to an additional 750,000 shares of Common Stock at the public &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Applied UV Closes $5.2 Million Underwritten Public Offering of Common Stock&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765196","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Applied UV Closes $5.2 Million Underwritten Public Offering of Common Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Applied UV Closes $5.2 Million Underwritten Public Offering of Common Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MOUNT VERNON, NY, June 21, 2023 (GLOBE NEWSWIRE) &#8212; via NewMediaWire \u2013 Applied UV, Inc. (Nasdaq: AUVI) (\u201cApplied UV\u201d or the\u00a0 \u201cCompany\u201d), a global leading provider of advanced food security and air and surface disinfection technology, announced the closing of its underwritten public offering of 5.0 million shares of common stock (the \u201cCommon Stock\u201d) and pre-funded warrants at a public offering price of $1.00 per share (less $0.001 in exercise price per pre-funded warrant). The Company expects to use the net proceeds of this offering for general corporate purposes, including new investments. In addition, the Company granted Aegis Capital Corp., the underwriter (\u201cAegis\u201d), a 45-day option to purchase up to an additional 750,000 shares of Common Stock at the public &hellip; Continue reading &quot;Applied UV Closes $5.2 Million Underwritten Public Offering of Common Stock&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-21T18:26:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MjMyOCM1NjU4ODExIzUwMDExNjgyMA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Applied UV Closes $5.2 Million Underwritten Public Offering of Common Stock\",\"datePublished\":\"2023-06-21T18:26:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\\\/\"},\"wordCount\":731,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODg2MjMyOCM1NjU4ODExIzUwMDExNjgyMA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\\\/\",\"name\":\"Applied UV Closes $5.2 Million Underwritten Public Offering of Common Stock - 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(Nasdaq: AUVI) (\u201cApplied UV\u201d or the\u00a0 \u201cCompany\u201d), a global leading provider of advanced food security and air and surface disinfection technology, announced the closing of its underwritten public offering of 5.0 million shares of common stock (the \u201cCommon Stock\u201d) and pre-funded warrants at a public offering price of $1.00 per share (less $0.001 in exercise price per pre-funded warrant). The Company expects to use the net proceeds of this offering for general corporate purposes, including new investments. In addition, the Company granted Aegis Capital Corp., the underwriter (\u201cAegis\u201d), a 45-day option to purchase up to an additional 750,000 shares of Common Stock at the public &hellip; Continue reading \"Applied UV Closes $5.2 Million Underwritten Public Offering of Common Stock\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/","og_site_name":"Market Newsdesk","article_published_time":"2023-06-21T18:26:21+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MjMyOCM1NjU4ODExIzUwMDExNjgyMA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Applied UV Closes $5.2 Million Underwritten Public Offering of Common Stock","datePublished":"2023-06-21T18:26:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/"},"wordCount":731,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg2MjMyOCM1NjU4ODExIzUwMDExNjgyMA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/applied-uv-closes-5-2-million-underwritten-public-offering-of-common-stock\/","name":"Applied UV Closes $5.2 Million Underwritten Public Offering of Common Stock - 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